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Oil Surges Past $103 as TSX Extends Losing Streak

  Markets are lower this morning as oil surges past US$103 and tech stocks remain under pressure, with the TSX coming off a fourth straight decline. Below is your ready-to-publish Canadian Money Brief update for April 29, 2026 , built from today’s market data and news. TSX slips as oil spikes and global tensions rise The S&P/TSX Composite opened at 33,584 , down 0.69% from yesterday’s close as weakness in tech and materials continues to weigh on the index. Rising geopolitical tensions and renewed uncertainty around the Iran conflict have pushed WTI crude above US$103 , lifting Canadian energy names but not enough to offset broader declines.  U.S. markets are also softer, with the S&P 500 down 0.49% and tech stocks retreating amid renewed AI growth concerns.  Oil rallies on OPEC turmoil Crude prices are up more than 3% , driven by the UAE’s announcement that it will exit OPEC and by expectations of prolonged supply disruptions tied to the Iran war.  ...
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Canada and China Move Toward Trade Resolution with High-Level Talks


In a significant development for international trade relations, Mark Carney has agreed to engage in high-level discussions with Beijing to address the ongoing Canada-China trade war. The agreement marks a pivotal moment in diplomatic efforts to resolve economic tensions that have strained commerce between the two nations.  

The trade conflict, which has affected key industries such as agriculture, technology, and manufacturing, has led to increased tariffs and disrupted supply chains. Carney’s decision to initiate formal dialogue is seen as a step toward de-escalation and potential economic recovery.  

Sources indicate that the upcoming talks will focus on reducing trade barriers, improving market access, and fostering a stable economic relationship. While details of the negotiations remain undisclosed, both sides have expressed optimism about the potential for constructive discussions.  

The move is expected to impact businesses and consumers on both sides, as a resolution could lead to a more predictable trade environment. As negotiations unfold, analysts will be watching closely to see whether this initiative leads to a concrete agreement that benefits both nations.  


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